Toray Industries, Inc., an integrated chemical industry group, is set to acquire 55 per cent of outstanding shares of Italian prepreg manufacturer Delta Tech S.p.A, making Delta Tech and its wholly owned subsidiary Delta Preg S.p.A, into its subsidiaries.
Delta Group is engaged in the development and supply of high-quality prepreg, primarily for premium automobile applications. It has been highly rated by the market for its wide range of products and services that meet customer needs, and diligent technical services allying with customers.Toray Industries, Inc., an integrated chemical industry group, is set to acquire 55 per cent of outstanding shares of Italian prepreg manufacturer#
Toray has been enhancing a cooperative relationship with the Delta Group through supply of carbon fibre Torayca, and this stock acquisition significantly reinforces its carbon fibre intermediate business in Europe along with Composite Materials s.r.l, it established by acquiring the carbon fibre textile and prepreg business from Saati S.p.A. in January this year.
In coming years, Toray plans to accelerate product development in Europe by leveraging its high-grade, high performance prepreg technologies. Further, having both CIT and Delta Group under its umbrella at the same time, and expanding products that exploit their respective strengths, enables Toray to respond broadly to the market requirements that are getting even more sophisticated, especially to conquer new frontiers in the carbon fibre composites industry. It also enhances Toray's structure to offer solutions to customers at each level of its own integrated supply chain by combining Toray Carbon Fibres Europe S.A., a French subsidiary which produces carbon fibres from precursor and distributes it, as well as Euro Advanced Carbon Fibre Composites GmbH, and ACE Advanced Composite Engineering GmbH, German subsidiaries that produce and distribute carbon fibre reinforced plastic (CFRP) parts, according to a press release. (GK)
Fibre2Fashion News Desk – India
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